Insurance is One Major Sector Which Has Been on a Continuous Growth Curve since the...

Insurance is One Major Sector Which Has Been on a Continuous Growth Curve since the Revival of the Indian Economy

DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/reports/c91804) has announced the
addition of "India - The Next Insurance Giant in Asia-Pac" to their
offering.

Insurance is one major sector which has been on a continuous
growth curve since the revival of the Indian economy. Taking into
account the huge population and growing per capita income besides
several other driving factors, a huge opportunity is in store for the
insurance companies in India. According to the latest research
findings, nearly 80% of Indian population is without life insurance
cover while health insurance and non-life insurance continues to be
below international standards. And this part of the population is also
subjected to weak social security and pension systems with hardly any
old age income security. As per our findings, insurance in India is
primarily used as a means to improve personal finances and for income
tax planning; Indians have a tendency to invest in properties and gold
followed by bank deposits. They selectively invest in shares also but
the percentage is very small--4-5%. This in itself is an indicator
that growth potential for the insurance sector is immense. It's a
business growing at the rate of 15-20% per annum and presently is of
the order of $47.9 billion.

Topics covered in the report:

- Trend analysis of Indian economy and growing macroeconomic
factors and

- India's position in the context of emerging countries

- Historical growth trends & growth drivers of Insurance & its
sub-sectors in India and outlook till 2011.

- Market size of insurance sector (total, life & non-life) since
2000 till 2007

- Market forecast of insurance sector (total, life & non-life)
between 2007 and 2011

- Key issues & challenges, major trends & opportunities

- Government's initiatives to promote & regulate the insurance
market

- Competitive landscape and market share of top players

- And many more...

Emerging Areas:

- Healthcare Insurance & Pension Plans

- Mutual fund linked insurance products

- Multiple Distribution Networks .i.e. Bancassurance

Major Driving Factors:

- Growing demand from semi-urban population

- Entry of private players following the deregulation

- Rising demand for retirement provision in the ageing population

- The opening of the pension sector and the establishment of the
new pension regulator

- Rising per capita incomes among the strong middle class, and
spreading affluence

- Growing consumer class and increase in spending & saving
capacity

- Public private partnerships infrastructure development

- Dearth of innovative & buyer-friendly insurance products

- Success of Auto insurance sector

CONTENT:

METHODOLOGY & RESEARCH APPROACH

EXECUTIVE SUMMARY

1. INDIA

1.1. ECONOMY

1.1.1. Performance in FY2007

1.1.2. Growing Per Capita Income

1.1.3. Macroeconomic trends

1.1.4. Future predictions

1.2. GOVERNMENT POLICIES

2. INDIAN INSURANCE SECTOR

2.1. MARKET OVERVIEW

2.1.1. Insurance Sector vs. Macro-economic factors

2.2. MARKET PERFORMANCE & FORECAST (2000-2011)

2.2.1. Indian Insurance Market

2.2.1.1. Indian Life Insurance Market

2.2.1.2. Indian Non-Life Insurance Market

2.3. DRIVING FACTORS

2.3.1. Opening of Pension sector

2.3.2. Growing Per Capita Income & Changing Demographics

2.3.3. Macro-Economic and Demographic Growth Drivers

2.3.4. Other Major Drivers

2.4. TRENDS, ISSUES AND OPPORTUNITIES - AN ANALYSIS

2.4.1. Major Issues

2.4.2. Emerging sectors for Insurance

2.4.3. Emergence of Multiple Distribution Networks

2.4.4. Consolidation of Distribution Strategy

2.4.5. Targeting niche customer base with customized products

2.4.6. Stagnating premium growth and underlying opportunity

2.4.7. The Deregulation of the Insurance Market in India (w.e.f.
Jan 1,07)

2.4.8. Proposed stages of removal of the tariffs

2.4.9. Insurance sector driving Indian CRM market

2.4.10. Product Preferences among Consumers

2.4.11. Success of Auto Insurance Sector

2.4.12. Other major hurdles

2.5. GOVERNMENT REGULATIONS

2.5.1. Insurance Acts

2.5.2. Government backed insurance schemes

2.5.3. Reforms in Insurance Sector

2.6. COMPETITIVE LANDSCAPE

2.6.1. Competition in Life Insurance Sector

2.6.1.1. Market Share & Segmentation

2.6.1.2. Life Insurance - Five Forces Analysis

2.6.2. Competition in Non-Life Insurance Sector

2.6.2.1. Market Share & Segmentation

2.6.2.2. Non-Life Insurance - Five Forces Analysis

2.7. COMPANY PROFILES - TOP PLAYERS

2.7.1. Bajaj Allianz General Insurance Co. Ltd

2.7.2. ICICI Lombard General Insurance Company

2.7.3. IFFCO-TOKIO General Insurance (ITGI)

2.7.4. National Insurance Company Limited

2.7.5. The New India Assurance Co. Ltd.

2.7.6. The Oriental Insurance Company Limited

2.7.7. Reliance General Insurance

2.7.8. Royal Sundaram Alliance Insurance Co. Ltd

2.7.9. Tata AIG General

2.7.10. United India Insurance Company Limited

2.7.11. Bajaj Allianz Life Insurance Company Limited

2.7.12. ICICI Prudential Life Insurance Company

**CHARTS AND TABLES ALSO INCLUDED**

Companies Mentioned:

- Bajaj Allianz General Insurance Co. Ltd

- ICICI Lombard General Insurance Company

- IFFCO-TOKIO General Insurance (ITGI)

- National Insurance Company Limited

- The New India Assurance Co. Ltd.

- The Oriental Insurance Company Limited

- Reliance General Insurance

- Royal Sundaram Alliance Insurance Co. Ltd

- Tata AIG General

- United India Insurance Company Limited

- Bajaj Allianz Life Insurance Company Limited

- ICICI Prudential Life Insurance Company

For more information visit
here.

Research and Markets
Laura Wood
Senior Manager
Fax: +353 1 4100 980
press@researchandmarkets.com

Copyright Business Wire 2008